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FOX Business
Oct 6, 2012 1:00am EDT
republican study committee, a group of congressmen who were worried about government spending. the committee chairman is congressman jim jordan. what do you want to do? cut for people of? >> no, we want to help them get to a better life. what you need to do is create programs that actually help people get to a better life. john: ever done before. >> you do it by not waving the work requirement like this administration did. you -- john: to be fair, they have not totally waived a work requirement. they let some states experiment. >> they also let some states not have a work requirement and there sang were not going to require that one key element that helps people get to the american dream, experiences. did the job. that is what we want to see. that key ingredient to accomplish anything that we all learn. john: how? that was already in the original welfare reform act? we have a new welfare reform act, updated version. >> for trying to get a handle on all of the social welfare spending the federal government does. estimates are 600 billion the year when you factor in medicaid and the
FOX Business
Sep 30, 2012 8:00am EDT
, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't teach me how computers work. bem caught me. rockefeller's oil company taught people how to drill for oil and gas and the third thing that strikes me that's not going to work. he wants to double manufacturing jobs, increase manufacturing jobs, that's fine, but why does the manufacturing get the benefit of government largest, why not the financial sector, oil and gas, all of this stuff drives the debt sky high and we know that the government can't spend money efficiently, it's just wrong. >> and jonas, there are also some tax hikes here, and wouldn't that do something to decrease the deficit? >> yes, it's the only specific tax increase that-- of both candidates and if you would close the deficit and turn some of the tacks to the higher levels, and the revenues for the government, revenue enhancement. however, to cost patriotism to say a small fraction of the country will have an extra tax burden, everybody has to pay more taxes, in fact, if you combine the tax proposals of mitt r
FOX Business
Sep 30, 2012 9:00am EDT
government does, it's taking our resources and playing politics with it. it's about trade barrier, stealing our intellectual property rights, what both candidates should be focused on, not this thing about who invests more in china. >> david: if it's private money, may it go where it will. private investors are free to do with their money, but not my money, not my tax dollars. >> i have no allergic relax to governor romney investing in china, if that's what he wants to do. the issue is he makes these investments, goes out on the campaign trail, trashes china, tells us these things he's going to get tough about, when we know he's never going to do any of it. >> david: how do we know any of it, by the way? >> we don't know it, but i'm pretty darn sure. here's the most interesting part, when he finally releases his tax return, we see he quickly sold off the investment he had because he looked guilty. that's kind of silly, isn't it? like the kid getting caught with his hand in the cookie jar. if you feel okay about, don't sell it off because you're running for president. >> david: vic
FOX Business
Sep 27, 2012 9:00pm EDT
, university of maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but the speech never happened. john: he has positions on immigration that you disagree. i am not in alignmen
FOX Business
Oct 3, 2012 9:00pm EDT
economy and one each on health care, the role of government and governing with an emphasis throughout on differences, specifics and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hiss among other noisy, distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [applause] [applause] >> jim. >> moderator: yesman, welcome to you both. let's start with the economy, segment one, and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes, each of you have two minutes to start. a coin toss has determined, mr. president, you go first. obama: thank you very much, jim, for this opportunity, i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight, but 20 years ago i became the luckiest man on
FOX Business
Oct 6, 2012 4:00am EDT
millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but here's the homework the left should have done before they and president obama began their reflective aattacks. they are $388 million in assets now. in merchandise sales alone, it brought in $45 million, five times what it received in government grants. that little cute sesame workshop turns out to be a moneymaker producing hundreds of millions of dollars. we take all of that up tonight with former george bush senior adviser carl rove, and as well, the unemployment rate fallg to 7.8%, employers adding just 114,000 jobs. we're talking about that, and, yes, big bird too with the congressional budget office with douglas holtz-eakin. any -- new reports two suspects were arrested in the assassination to the ambassador to libya and three other americans. the man who broke the story that the obama administration knew it was a well-planned terrorist attack within 24 hours. daily beast writer, eli lake, joins us. governor romney campaigning today
FOX Business
Sep 28, 2012 5:00pm EDT
the wealthiest citizens in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last.
FOX Business
Oct 3, 2012 5:00pm EDT
. it is about their dissatisfaction with their own government. that is something the government will have a hard time making go away. melissa: walid, why do you say it is america's response and israel's response that make as difference. >> i didn't say the united states. i didn't say israel because they're locked in almost military conflict and intelligence conflict with the irrainsian. the united states as leader of free world has opportunity now. iran this may be one of the wave to come it is not final wave of course. after egypt, after tunisia after the other models in syria and libya there is possibility for the united states to encourage basically the iranian people to continue with demonstration. >> how? >> or repeat of 2009 when the administration said we don't want to meddle, have nothing to do with it. melissa: what do they do to encourage it? >> we're seeing representatives of the opposition, if the opposition organizes. second we aggrandize their message. thirdly, depend how the events take place inside iran we may take this to the international community. all those are op
FOX Business
Oct 4, 2012 12:00am EDT
co-founder and his take on this. >> does the government deliver? >> copac did only can deliver. >> please. in reality we have passenger trains hemorrhaging money. >> notes node no. taxpayers paying police officers. >> they're not doing what they were hired to do. >> even defense is riddled with waste the post office can not even close will offices civic this governor closed parts of government. >> and people in government think they are a genius. peppermint inc.. today. >> that is what we call the show but what does that mean? doing what private sector should do. health care, transportation and mail. it is faster and cheaper if they step aside and let competitors compete. they bring in the managers' index birds suddenly they could. they are so smart. government decided to build cars. it was a terrible car. but central planning said it was great. once the berlin wall came down and had competition it disappeared. but when government runs things, this is what we get to. allows the -- lousy product and services. we need some government. not too much. my first guest is a governor bu
FOX Business
Oct 6, 2012 12:00am EDT
got the details. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years
FOX Business
Oct 1, 2012 11:00pm EDT
trillion in debt, just means the expansion of government. poll after poll shows the american people and american voters are concerned about how big the federal government has been getting. i hear a lot of repeats in what they're asking for. president obama may not be implementing an environmental policy that is directly geared toward climate change, but look at the epa policies under president obama. they are geared toward addressing climate change in terms of regulations ocoal mines. in terms of immigration reform we have seen president obama work on the. >> translator: and we just saw his executive order that looked very similar to that piece of legislation. it's kind of a repeatable we have already seen and a little out of touch with people concerned about right now. neil: i wonder if it is part of the perceived victor's already claiming the spoils. i suppose it mitt romney were the runaway favorite, you are seizing onkeeping open those facilities and military contracts or jobs that could be imperiled as aesult of even automatic sequestration. so are we seeing something we always see
FOX Business
Oct 1, 2012 9:00pm EDT
of congress. in celebration of over 75 years of our government ployees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political rties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. gerri: breaking news. reports tonight new york attorney general is -- over widespread fraud. for more, and joined by fox business news robert gray in the newsroom with the latest. >> in this harkens back to bear stearns. the failed in this bank that j.p. morgan rescued in the spring of 2008. bear stearns to sell the mortgage backed securities in question here. again, alleging widespread fraud according to the "wall street journal" reporting on this. they are saying that this is part of a broader net that is being cast by government officials. this is not likely to be the last action that we see. again, going after residen
FOX Business
Oct 3, 2012 4:00pm EDT
to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all right. we've got all this covered plus a lot where we have larry shoafer in the pits of the cme group. bob phillips, telling us why the recession already here. legendary investor wilbur ross who needs no introduction and will tell us what is he investing. larry over at the i know talking with nicole that hewlett-packard was bringing down the whole index. you look at oil. it is hard, you can't call it a crash but a 4.25% drop in oil is the biggest drop we've had in months. doesn't that show you that we're at a tippingpoint here where the weakness in the economy may finally spill over to the stock market? >> it might be one of those things that does tip over the stock market. being down 4% i like the fact, i don't think the market likes t
FOX Business
Sep 30, 2012 4:00am EDT
beat them up before they beat me up, sure, help protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashi
FOX Business
Oct 6, 2012 6:00pm EDT
government to scale back. getting paid to study fish? getting paid to study fish? it is true.we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarant. so go to legalzoom.com today and see for yourself. it's law that just makes sense. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart
FOX Business
Oct 3, 2012 6:00pm EDT
-minute segments. the first three and the economy followed by health care and the role of government. the moderator from pbs will ask president obama the first question and then candidates will alternate for all 90 minutes. for each question the candidates will have two minutes to respond and are not permitted to talk to each other. much more on the debate when i'm joined by one of the smartest political minds and politics, call growth. you don't want to miss that. all right. both candidates will be trying to win over undecided middle-class voters, and the big concern, who has the better tax plan. romney floating a new idea. today at of the debate which includes a cap on itemized deductions. for more on this on joined by scott hodge, president of the tax foundation. welcome to the show. i have listened to the radio interview, and i'm having a hard time making sense of this. the basics of this plan, and this is finessing a plan that is already out in the marketplace. he would cap itemize deductions at $17,000. taxpayers would choose which deduction to claim, which still lose. now, kendis w
FOX Business
Oct 6, 2012 2:00am EDT
private individuals acting without government stores and will make the world a much better place. that is our show. i'm john stossel. good night. >> a reminder that this country has come too far to turn back now. >> the reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. ♪ gerri: both president obama and candidate mitt romney using today's jobs report to bolster their campaigns. the truth behind those numbers and a $5 gas, already happening in one state. could it happen in yours? welcome to "the willis report." ♪ hello, everybody. i'm gerri willis. do you believe the jobs numbers released today? a huge drop in unemployment rates to 7.8%. a look at that. nearly 1 million people entering the workforce in just one month. today, some of the business community calling those numbers completely fake, deliberately distorted to make president obama look good before the election. the obama administration firing back calling such charges ludicrous. what is the real story? joining me now, former white house chief ec
FOX Business
Oct 4, 2012 1:00pm EDT
calling mitt romney the winner. trickle-down government. i wonder what lou will say about that. lori: he has been wanting him to step out and drop the gloves. a lot of people saying he did that last night. we will also talk about retail sales. find out about these winners and losers. what stores are stocking up to grab your dollar as well. hope you like corduroys. melissa: not so much. elizabeth macdonald is at the rock 'n roll hall of fame in cleveland. she will be talking with mayor frank jackson. she will also be talking to joe roman. cleveland is open for business and we are there. lori: baseball fans, probably not a shock here, the boston red sox have fired their manager, bobby valentine. they had 93 losses last season. they finished dead last. melissa: it was a tough little series here in new york. lori: no surprise, but, boy, you just get one. to prove yourself. melissa: let's head to the floor of the new york stock exchange. nicole: we are looking at a market that has had up arrows. the dow jones industrials are up. it has pulled back a little bit. the truth of the matt
FOX Business
Oct 6, 2012 5:00am EDT
are created is that their government jobs, government supported jobs. in fields like health care where the government is intentionally involved throwing money at the institutions in that industry. by this of first. do you agree? >> yes, i do. since the end of the recession roughly 87 percent of all the new jobs created have been in the relatively low-paying fields of private-sector health care, temporary help, hospitality and retailing. that is a scary number, and this shows why so many voters are so disappointed with the current state of the u.s. economy. they want jobs growth, and they also want quality jobs. gerri: let's get carried in here. what do you say? >> first off, i have to get back to something here with all due respect. participation. it crashed in the last four years. we would be 11 percent unemployment if we use that number. i even of the bls and ask them for a list of all these people. all these people supposedly get the rate down. you can talk about whether they made it up or not, but this is all up in the year. the household survey. gerri: to you. you know, now the re
FOX Business
Oct 3, 2012 11:00am EDT
government forces. the state department apparently stayed out of the dispute between contractors over security at the libyan consulate before the september 11th attack there. according to letters obtained exclusively by fox news, the company felt security provided by its operations partner was substandard. but the state department declined to be involved in bringing in a third party to improve the situation. and the next time you feel a cold coming on, you may want to rethink on loading up on vitamin d. researchers in new zealand found while the nutrient does boost the immune system, taking large doses does not appear to prevent colds. those are your news headlines on the fox business network. now back to dagen. dagen: thank you. will government regulation come up in tonight's debate? well, it's on the minds of some business people, including former bb&t ceo. i talked to him earlier at the commit forum on corporate responsibility and regulation. and i asked him what exactly he's trying to accomplish? here's some of that. >> this is a -- what i'm involved in is a debate over sarbanes-o
FOX Business
Oct 4, 2012 8:00pm EDT
-government. he was the ultimate tea partyer, the first tea party. good to have you. >> it is an overstatement. we'll let you fly with it. neil: i make many. you and i talked in the break, mark, that he, on many levels, disappointed you, that is, governor romney, not being a die hard tea party devoter, but in the core, he's a business guy, principles more lined to yours any, and you saw more or less of that last night in >> more of that last night. i heard things that were exciting. business people are fiscal conservatives. they like rule sets. we say the constitution is the ultimate rule set. neil: you guys and that constitution. >> he quoted it last night. it was incredible. free markets, we believe in free markets, those align with mitt romney. historically, not like the stuff he's done, but i heard good stuff last night. neil: he was prague -- pragmatic about it last night. to rule massachusetts, but he said something interesting, mark, on these great big tax cuts 245 -- that a lot of fans are looking forward to, don't get excited about it. the 20% tax cut, but i take deducti
FOX Business
Sep 29, 2012 6:00pm EDT
back the free enterprise system to have government serve the people? at a tactical level the economy is no good. on of macro level but at the micro level gasoline is $2 a gallon higher than three years ago. it takes $2,000 out of every household budget would wages are not going up or are stagnant in one town geneva illinois disposable income is down $6,000. how can a family support that? neil: you passionate the present numbers in a way people understand i do like mitt romney personally anybody who gets the nba and law degrees simultaneously is beyond me. he is not presenting that argument may be the media does not allow him to do so by what is the half to do to keep it simple? >> ronald reagan brought it down to the individual it is my microphone, our town, home, village, police department. the regulations when you create a system that should solve problems but don't people will take shortcuts bordering is as high as it has ever been. mitt romney better get off a high horse to come down to mainstream. people are terrified right now the president is leading a lot of the polls
FOX Business
Sep 28, 2012 11:00am EDT
list. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. citigroup cannot buy it right now. basically sold by regulators. that is the problem he has. and what kind of record this gentleman has. think about how he leads the market. back in 2008 i remember several times went out and said head of merrill lynch that did not need new capital. you don't actively say one thing when the opposite is real. it was funny, when h what he woy that they would raise more cap
FOX Business
Sep 28, 2012 1:00pm EDT
perceived security of u.s. government debt. so bond yields here are down slightly. 1.65 on the 10-year. on the 30-year note you're looking at a yield of 2.83%. we're back after this [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i'm lori rothman with your fox business brief. bank of america reached a settlement in the merrill lynch acquisition related class-action lawsuit. under the terms of the settlement the bank
FOX Business
Sep 27, 2012 11:00pm EDT
on government is somewhat true. he is right. what do you make of that? >> you know something, 1935, fdr in his state of the union, said this relief, that is welfare is a narcotic, a subtle destroyer of the human shar hume must and shall get out of this business of welfare or relief, he is right, they did get out of it everyone agrees, if you have somebody that is down and got a rile problem, we all get together and help them out, and that -- against something that appeals to the american people. but idea that people on food stamps are never going to provide for their own food in america, their entire lives, when i grew up in washington d.c., 800,000 people, half african-american, half white, no body was on food stamps, there were no school lunches, now maybe you need some, but 47 million on food stamps, 80 billion for food stamps, more and more folks needing to fed by government, i think all of us sense that something is happening to the character of country and our people when we get there. neil: i do think you are right on this respect, we're worried about gets -- someone's nose
FOX Business
Oct 5, 2012 9:20am EDT
ebay. can thousand government jobs created. the trend isn't going in the right direction. 200,000 jobs is what we are seeing. the first quarter we need to be well above that to drive the unemployment rate down but great job. stuart: on the household survey side they said 873,000 people went back to work. and change for three months in a row and we found 600,000 of those are part-time jobs. the other side is the payroll side where we have 114,000 new jobs. that is the anemic. charles: the first red flag, 1 14,000 private-sector jobs was 16,000. a 60% decline. people working part-time for economic reasons and manufacturing lost 16,000 jobs. stuart: the upshot is many people are skeptical about these numbers. there are too many contradictions in the report and it is convenient for the obama administration with a big drop in the headline rate before the election. let's bring in romney's chief political adviser. are you going to express any degree of skepticism about these numbers? >> we will address the numbers as released. as you said on the show, and anemic trend. it is not what a r
FOX Business
Oct 2, 2012 11:00am EDT
that we were days from government default, but, ultimately, they came to a deal. dagen: john, good to see you. as always, thank you. connell: breaking news now. it is on the libor investigation. this is from the exclusive reporting from our own charlie gasparino. chuck grassley is launching an investigation into the libor manipulations. this is being started by the senator from iowa. they are turning up the heat on the treasury secretary tim geithner. barclays and other big banks and whether or not interest rates were fixed. a lot of this has been sent overseas until now. two senators starting an investigation to libor. let's move on. the economy certainly at a crossroads here with a fiscal cliff looming. our next guest, though, that people underestimate the positive impact we are seeing right now and housing. liz and sound are is in studio. what are we missing on housing? >> we have had a string of numbers. that factor has six years of a study drag on economy. only about 2.5% of gdp. i think people are underestimating the ripple effect to think like confidence. connell: what does
FOX Business
Oct 2, 2012 8:00pm EDT
the economist put it. obama does not understand business and rummy does not understand how to govern. so pick your poison. the fact that most of the economists prefer mitt romney's poison speaks volumes. it speaks volumes about how economist have had it with mitt romney's end obama's poison. romney might be more likely to get congress to do something, whereas obama has shown that he cannot. allen sinai says that romney is more likely to cut the growth of government itself. well, hope springs eternal, i guess, but these are among the finest economic minds of the country, many of them supporting -arack obama early on. until now. i don't know whether economists and their shifting views translate to the voters shifting views, but it is noteworthy, little bit more than 24 hours ahead of the first debate, that for the biggest numbers among us, the debate is not settled. barack obama and his time is up. whether economists then the voter. hadley heath, when you think of that? >> inside of the beltway, we like to think about this. people outside of the beltway understand that this administrat
FOX Business
Sep 28, 2012 4:00pm EDT
level of government. david: alexis, i have to press my point with you. how do you monotize getting the president on? for example, if you're a book writer, if you have the president holding your book saying that is a good book you can capitalize on that. how do you that from a website perspective. >> i may not be that good of an entrepreneur to figure that out. it obviously legitimatized red did and put it on. that monetizaton will come but i expect any photos of the president on reddit. liz: you could have gotten a ton of extra people and if houston rockets general manager is doing it may become a great tool for people to self-promote. are you selling advertising? how are you making money on the site? >> at the moment reddit sells ad. like a lot of social media sites advertising is way we make our money. what is interesting bit the ads are sort of embedded in the content. the way they can vote on links and vote on ads. same way they can comment on links an comment on ads. advertisers build discussions build dialogues with the community. it is incredible. they know they're participating
FOX Business
Sep 30, 2012 9:30am EDT
growing number of state governments are doing it to get high achieving kids into college sooner. should all states do it to bring taxpayer costs lower? hello, everybody. welcome to "cashin' in." this week we have jonathan, tracy, todd, jim is here, and joining us this week we have sally cohen. welcome to all of you. jim, i'll start with you. why do you like this two-year plan for high school kids? what do you like about it? >> everybody pays taxes, whether they own a home or not, whether they have children or not, everybody pays for education, and every year they get worse education and it costs more. we've dumbed down our school program to rush kids through the system. why not do it the other way? why not had let the achieving kids rush through the system and get away from this burgeoning ed accuracy? beyond that, we're spending money on things that aren't being productive for our economy. let these achieving students, send them the message that if you achieve you will be rewarded. the idea we're going to get any of this taxpayer money back is kind of a mirage. taxpayers never get any
FOX Business
Sep 30, 2012 2:30am EDT
, this whole egalitarian policy that you got to cut down. the government monopoly incent incentivizes kids stay. let gifted kids move on and save taxpayers money in the process. >> todd, wouldn't you rather have kids, smart enough, willing enough to get out in two years, you would keep programs like gym, home economics, programs they've talked about cutting. this is a way to save those classes perhaps. >> maybe, but you're assuming that you'll have so many kids in this accelerated program. look, it's not a linear number. in other words, you just don't say in two years this is it and they're done. you'll have a big percentage of kids that still have to be there for four years. it's a revolving number. plus, you'll have some that are held back. what do you do with all the kids out of school already? you don't even have the jobs that are there for them already. look, you'll see property taxes go through the roof because the counties will have to hire more people to baby-sit all the kids that you just graduated. >> the thinking is they would go off to college, even if it was
FOX Business
Oct 3, 2012 3:00pm EDT
a tangible investments, and firm believers government balance sheets and we are seeing yield in that area. those are the big areas we see movement. and people worrying about risk. risk has gotten -- it doesn't have to be a bad thing. you have to take some risk and some opportunity and it is how we focus in on that, how we focus and manage that risk and put that risk in our portfolio that allows us to take advantage of the market moved up or down. with that is our goal. ashley: what about the financial sector? concerns about regulations suffocating the sector. what are your thoughts on that? >> we did this global survey and saw 86% of an institutional investors feel financial regulations are a real drag on the market creating uncertainty and creating additional risk. not less risk. 76% of european investors feeling the same thing. all of this regulatory upheaval is going on in the u.k. and the u.s. and europe, creating this uncertainty and making financial institutions and corporations to make capital expense to invest in jobs and that is the most difficult thing. the overhang of
FOX Business
Oct 5, 2012 4:00pm EDT
teams are securing a government approved locking mechanism to make sure no seat can be dislodged. that's the latest from the fox business network, giving you the power to prosper david: cleveland is open for business. liz claman got a chance to speak with some of the most influence businesses. liz? >> cleveland rocks. steve wynn wood leading into this segment. we spent 48 hours here showing cleveland is open for business. we talked to the biggest business leaders from all sectors of the economy from oil to banking to the nfl who have proved this place does rock. it's the place to be. >> we were $8 billion in the hole, the largest deficit in history of the our state and we balanced the budget and built this rainy day fund. then we told the regulators, look, business is not enemy. we need good regulation. we have very tough regulations on hydraulic fracturing but regulations are not duplicative. we don't need to spend all day, getting in a situation with business where we can't give them an answer. when they find we're not doing a very good job in something we go right back at it. >> as we
FOX Business
Oct 2, 2012 5:00pm EDT
the course of the weekend, this company, at the behest of the u.s. government. i think they feel like, they were forced to buy this company at a time when the country's financial system was falling apart and that in essence, no good deed goes unpunished. here you are coming after them, penalizing them, suing them for something they did to try and help the financial system. that is their argument. how do you respond to that? >> i have, high regard for a lot of the folks over there but with all due respect they bought this company with a $29 billion taxpayer loan. if anything, i think the people in most of america, feel that there were two few strings put on banks bailed out by tarp and through this loan and through other benefits that were provided by federal government to the banks. they know they acquired the assets and the liabilities. we would send a terrible message if we said, oh, you know what? some people are going to get busted for material misrepresentations and fraud and some folks will gets a pa. we can't do that. we're prosecutors. this is not the only institution we're pu
FOX Business
Oct 4, 2012 10:00pm EDT
private individuals acting without government stores and will make the world a much better place. that is our show. i'm john stossel. good night. ♪ lou: good evening, everybody. the political and media world reverberating with a shock wave of the romney victory in last night's presidential debate in denver. dominating throughout, governor romney may well have turned the race for the white house, an entirely new and unexpected direction. president obama is tonight seemingly less the object of sympathy than the target of harsh criticism from left wing of luminaries upset with his lackluster and at times seemingly detached performance. the new york times today wrote, there are two more chances for the president to change tactics were to at least show up to the debate. president xanax just doesn't cut it. the "washington post" has written, if the obama campaign was worried about them is being overconfident going into the final stretch, tonight should allay those fears. chris matthews wind, where was obama tonight? well, his nbc colleague ed schultz admitted he was absolutely stunne
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